This webinar will provide an overview of the basic principles of responding to and monitoring excess liability claims. The topics covered include notice issues, reservations of rights, monitoring of claims, and cooperation duties, whether an excess insurer is bound by an underlying insurer’s coverage position or settlement decisions, and excess insurers’ rights against underlying insurers. In addition to reviewing applicable legal principles, the webinar will provide practical tips on the handling of excess liability claims.
The presenters will discuss:
Notice of claim
Type and scope of response to notice of claim
Monitoring: insured’s and underlying insurer’s cooperation duties
Is excess insurer bound by underlying insurer’s coverage position and/or settlement decisions?
Excess insurer’s rights against underlying insurer – failure to settle
CE credit is approved in TX, FL, GA, NC, and DE.
CLE is approved in PA, NY, TX, CA and IL. All other CLE jurisdictions will be applied for upon request.